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Author Topic: Don't look at btc every five minutes  (Read 1945 times)
Walrus1
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February 04, 2018, 01:22:07 AM
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 #1

This is a mistake a lot of us make. If you track btc every minute you are more prone to panic selling. Btc has a lot of ups and downs, if you are in it long term the short price has little meaning
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February 04, 2018, 01:39:17 AM
 #2

Lol. I was like reloading the google page with a search of "btc to usd" every minute. It kinda itches me to think that it is going down sometimes, but I was shocked suddenly when it reached around 9k. But nothing could make me sell it at a low price. I know it will all regret and greed in the end. I will lose all the opportunity of selling some of it at a high price. It is a long-term investment to be honest, so making observation at the price in even a second won't be worth. You could be starting the selling process right now, but as you process it the price will always move. You never know how much you lost during the selling. Only sell when it is jumping up and not going steady.

bttcoin
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February 04, 2018, 01:39:48 AM
 #3

 think this can be a very exciting activity, especially when the price of bitcoin is volatile. Then you try to feel like this roller coaster, go to heaven and go to hell, in a thought.
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February 04, 2018, 02:41:57 AM
 #4

This is a mistake a lot of us make.

For some of us, this is not a mistake. You're making a mistake by assuming it is a mistake, if you ask me. If you are a HODLer, then you probably shouldn't be looking at the price every few minutes unless you are looking for an entry point to buy some more coins for your stash. If you get excited by the volatility or the mostly consistent upwards movement for years then this also can be a pretty intriguing pass-time. That being said, most of the price movement for bitcoin happens within moments and at the drop of a hat.

If you are a day-trader then you are probably checking the price a lot more often than 5-minutes, you may be buying and selling every 5-minutes. If you are just getting into bitcoin and are looking for an entirely "stable", free of volatility environment to store value then you are looking in the wrong place. If you are looking for an investment into the future of trade, interaction and information then this may be better suited for you. I'd say, let people do as they wish, because some people are neurotic about the price while others are ecstatic.

Bitcoin offers too many opportunities and too many freedoms to even put the simplest restriction on somebody such as "don't look at the price too often", because many people can capitalize on that and be better off because of it.

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February 04, 2018, 02:59:57 AM
 #5

Yes, this can be the fear of many when they see value decreases every minute. Tiredness will lead to many people selling their bitcoin away. That makes the bitcoin value worse. The truth is that bitcoin has many stages of devaluation. But it's still recovering well. We should trust it more.

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ChickenDuck
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February 04, 2018, 03:15:04 AM
 #6

Yes, totally agree with you. If you are the long term with BTC then don’t look at the BTC price every 5 minutes. Can track it 1-2 times per day.
If you are day trader then you must follow the price every minute.
This is a mistake a lot of us make. If you track btc every minute you are more prone to panic selling. Btc has a lot of ups and downs, if you are in it long term the short price has little meaning
mickeybuddy27
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February 04, 2018, 03:24:10 AM
 #7

This is a mistake a lot of us make. If you track btc every minute you are more prone to panic selling. Btc has a lot of ups and downs, if you are in it long term the short price has little meaning

Being watchful to the price of bitcoin can trigger you to sell in low price because you see how fast it is dropping from time to time you check on it. This is the case why those how are new become panic. It is better to do something better and focus on it. Sit back and learn something new rather than analyzing the drop on the market.

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February 04, 2018, 03:27:51 AM
 #8

This is a mistake a lot of us make. If you track btc every minute you are more prone to panic selling. Btc has a lot of ups and downs, if you are in it long term the short price has little meaning

Being watchful to the price of bitcoin can trigger you to sell in low price because you see how fast it is dropping from time to time you check on it. This is the case why those how are new become panic. It is better to do something better and focus on it. Sit back and learn something new rather than analyzing the drop on the market.

Yeah I agree, checking the prices too often whether it is going up or down is not healthy for your mental state. It will cause you to react in the same way a gambler will and not like a long term investor. It's much better just to check a few times a day to keep a level head

tonyja2017
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February 04, 2018, 03:30:42 AM
 #9

This is a mistake a lot of us make. If you track btc every minute you are more prone to panic selling. Btc has a lot of ups and downs, if you are in it long term the short price has little meaning
I do not agree with your opinion. The nature of the investment job is that you have to track the altcoin that you invest in them. If you are really scared of the ups and downs of the price you should not do this job.
All the qualities required of an investor are dignity and perseverance. We can not let the profits go away in just one minute. You know, bitcoin can increase to $ 1500 in just 5 minutes. Therefore, looking at the cost of the altcoins in every minute is right.

ladydark
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February 04, 2018, 03:32:17 AM
 #10

This is a mistake a lot of us make. If you track btc every minute you are more prone to panic selling. Btc has a lot of ups and downs, if you are in it long term the short price has little meaning
I too agree with it.Tracking every minute induce panic selling which would definitely destabilize the market more.It would be newbies doing such things who don't know the previous price movements of bitcoin becoming easily victims to big whales.

Early holders would not track it minute by minute and they just stay cool holding their bitcoins the strategy which had benefited them most in the past.

Such an activity of tracking every minute would be useful only in altcoin market which is highly volatile.

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February 04, 2018, 03:37:11 AM
 #11

Yes it is a wise decision. We should not look at the cost of many altcoins. That will make us worry and easily lead to stress. Be really comfortable and trust in your altcoins.
That will make us feel more confident at the atlcoins that we invest. This is one of the experiences that investors have conveyed to me.

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jpespa
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February 04, 2018, 03:38:57 AM
 #12

I sometimes look at the price update like even for less than a minute and I would not consider it a mistake. I even think that it is amazing that the price of a currency changes even just for a minute and it does not make me feel panicked to sell. You might say instead that if you are in long term, big changes in price especially downward should not affect you much.

Mystica101
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February 04, 2018, 04:00:26 AM
 #13

If you'll be asking me sometimes i forget checking it and don't mind the price right now because I know for sure it will turn nice in the future but I got no choice when my dad is around he is always asking me for any new updates about bitcoin price. I'm kinda tired explaining to him everyday why is it the market is not in good situation right now sometimes I just tell him the price is okay you don't have to worry.

barneystinson
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February 04, 2018, 04:04:20 AM
 #14

This is a mistake a lot of us make. If you track btc every minute you are more prone to panic selling. Btc has a lot of ups and downs, if you are in it long term the short price has little meaning
For me personally, I do look at btc's price from time to time without the intent of panic selling. It just give me a sudden feeling of thrill every time the price is so volatile.
It is being an addiction for me so to say. I love how the roller coaster ride for me. 

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February 04, 2018, 04:04:32 AM
 #15

This is a mistake a lot of us make. If you track btc every minute you are more prone to panic selling. Btc has a lot of ups and downs, if you are in it long term the short price has little meaning
Yes i agree we dont need to see it just follow the flow just  look after 1 week Cheesy because if you will the value of bitcoin evrrytime maybe your mind will change and it wlll cause tht you will your bitcoin in a low price because emotions defeated you.

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Hero44
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February 04, 2018, 04:20:12 AM
 #16

Yes I strongly agree with this the topic. Looking at btc frequently can lead you to panic dey to thé fall or loss in value but real btc traders know that this is the best time to buy btc because it will definitely rise and not just rise but skyrocket very soon.
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February 04, 2018, 04:24:33 AM
 #17

This is a mistake a lot of us make. If you track btc every minute you are more prone to panic selling. Btc has a lot of ups and downs, if you are in it long term the short price has little meaning
just set alarm on price that you targetted. i totally agree with this thread but i am panic in altcoin market. BTC price not really extreme if compared with alt market that have high volume.

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February 04, 2018, 04:30:47 AM
 #18

This is a mistake a lot of us make. If you track btc every minute you are more prone to panic selling. Btc has a lot of ups and downs, if you are in it long term the short price has little meaning

At first you will be like that. People tend to panic when the price once goes down. You will also feel the same when you are holding a large amount of token (for other altcoins that is in the market already) or maybe a large amount of bitcoin. You will be checking it every hour or worst, every minute. Some are doing it when it is their first time having a large amount or having a token at first time. It is common for us but will be able to cope someday. As of now, we are going to be like that since the price is not stable and not in good place.
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February 04, 2018, 04:32:53 AM
 #19

I think even if you focus on you every moment you can not solve anything, if you are buying at high prices, you see this change will only make you more annoyance, if you are buying at a low price, since they have been profitable, Why do we have to pay attention every moment, relax.
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February 04, 2018, 04:37:40 AM
 #20

This is a mistake a lot of us make. If you track btc every minute you are more prone to panic selling. Btc has a lot of ups and downs, if you are in it long term the short price has little meaning

Exactly on what are you say if you monitot always the fluctuation of bitcoin value or any cryptocurrency you will be disappointed on what you see if the value was falling down and this is the cause of panic selling and always worrying. Just seat back and relax dont always monitor and hold your coins.


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